FOOD & LIFE COMPANIES LTD. ( (SGLOF) ) has released its Q1 earnings. Here is a breakdown of the information FOOD & LIFE COMPANIES LTD. presented to its investors.
FOOD & LIFE COMPANIES LTD. is a company operating primarily in the restaurant sector, focusing on enhancing product development and customer service in the sushi business. The company reported a significant increase in its financial performance for the first quarter ending December 31, 2024, with a 15.9% increase in revenue to 99,141 million yen and a 56.4% rise in operating profit to 9,579 million yen compared to the previous year. Profit attributable to owners of the parent surged by 88.2% to 6,129 million yen, supported by strong performance in both domestic and overseas operations. The Japan Sushiro business saw a 7.8% increase in net sales, while the Overseas Sushiro business experienced a remarkable 45.6% growth in net sales. Despite a slight decline in the Kyotaru business, the company continues to focus on expanding its product appeal and customer service. Looking ahead, the company maintains a positive outlook for the fiscal year ending September 30, 2025, with a forecasted revenue increase of 13%. Management remains focused on strategic initiatives to drive growth and enhance shareholder value.